1: Analysis of market dynamics
2: last week
3: This week's shipping schedule
4: Review and comments on hot events last week
0 1. Analysis of market dynamics
Last week, the performance of China's export container transportation market was weak, and the growth of transportation demand was sluggish. The freight rate in the ocean line market continued to decline, dragging down the composite index.
North American routes:
According to data released by the U.S. Labor Bureau, non-agricultural employment in the U.S. increased by 261,000 in October, the lowest since January this year, and the unemployment rate rose slightly to 3.7%, showing that U.S. employment has begun to slow down. As the Federal Reserve continues to adopt tightening policies to control inflation, the performance of the US economy has continued to decline recently, and the future growth prospects are facing a severe situation.
Market analysis : Since shipping companies began to shrink their shipping capacity, freight rates have slowed down. According to port data, Los Angeles experienced a huge month-on-month decline in August, and began to slow down in September. Imports fell by 15% month-on-month. It fell by 7,155 TEUs, or 2%. In October, the shipping company canceled 20 routes, canceling about 25% of normal services . At the same time, 20 routes will be canceled in November and December.
It is understood that rail freight workers are expected to go on strike on December 4. If the strike cannot be effectively resolved before then, it will affect all American companies and consumers and seriously disrupt the supply chains of various industries.
The recent economic situation in Europe is not optimistic. A number of manufacturing data are below the boom-bust line, and manufacturing activity continues to weaken. At the same time, due to the ongoing conflict between Russia and Ukraine, energy prices are high and inflation levels remain high. As winter approaches, energy prices may continue to rise, causing inflation to continue to rise, and the economic outlook is not optimistic.
Market analysis : In recent months, Europe has triggered a wave of strikes. This year, European ports have been impacted and are in turmoil. The recent wave of strikes has come one after another, and the successive strikes of dock workers in many European countries have brought great challenges to the supply chain.
(The picture comes from the Internet)
Time limit for picking up containers at each port:
Los Angeles/Long Beach , USA : The terminals are basically normal, and the congestion in the eastern US ports has eased;
Oakland, USA : There must be less cases of incoming cabinets entering the closed area in the near future, but the waiting time for ETS to pick up the cabinets is longer;
Canada : The port congestion in Vancouver port has eased, but the return of containers at the terminal is normal; the withdrawal and return of containers in CN and CP ports in Toronto is still difficult;
United Kingdom : Currently, withdrawals and returns are normal.
Haikuai delivery time limit :
Transwhale America West Warehouse : pick up the goods within 1-3 working days after dismantling the cabinet, and have an online record about 3 days after delivery on average;
Transwhale Toronto Warehouse : Pick up within 1-3 working days after the cabinet is dismantled, and the time limit for scanning and surfing the Internet is normal;
Transwhale UK Warehouse : Scan online within 3 working days after dismantling the cabinet.
Amazon warehouse reservation and delivery status:
US Warehouse : The warehouse will be delivered within 48 hours after the basic dismantling of the cabinet.
/LGB8 It is difficult to make an appointment for direct delivery, the appointment is tight, and there are many deletions and changes;
There are basically no appointments for LAX9 direct delivery, and limited card board appointments;
SMF3 reschedules are very frequent;
/GYR3 It is difficult to make an appointment for direct delivery, and the card board appointment has basically returned to normal;
There is no direct delivery reservation for SBD1, and Kapai reservation is normal.
Canada warehouse : /YYZ7 has a liquidation situation, making it difficult to make an appointment, but /YXX2 can make an appointment normally.
UK Warehouse : The delivery of /LPL2 has been delayed, and the delivery of trucks and DPD has been affected to varying degrees.
Ⅰ: TikTok Shop is officially launched in the United States
Recently, the TikTok Shop seller center has added an application channel for entering the US station, and the TikTok shop has officially started testing in the United States. Currently, only some invited US companies can participate .
According to the information on the official website, to register a store in the US area, you need to use the US area mobile phone number + email address or use an existing TikTok account to register, and the merchant needs to have an invitation code .
Comments : In addition to joining the US market, it will also enter the Spanish market. TikTok has released multiple recruitment positions in Spain. At the same time, the TikTok e-commerce model will also be launched in markets such as Germany, Italy, and France, and is expected to enter as soon as next year .
In addition, TikTok Shop will launch the "Global Year-End Promotion Season" for the first time this year. This event will fully cover Double Eleven, Black Five, and Double Twelve, covering all categories of industries.
Ⅱ: Maersk announces emergency inland fuel surcharge
Recently, the logistics and transportation company Maersk announced that due to the recent rise in energy costs, it needs to introduce an emergency inland energy surcharge (Emergency Inland Energy Surcharge) for all inland transportation to minimize disruption to the supply chain.
Fuel prices are rising in Belgium, the Netherlands, Luxembourg, Germany, Austria, Switzerland and Liechtenstein , and a surcharge is now required, effective Dec. 1, the company said.
Comments : Increased standards: direct truck transport, combined rail/railway multimodal transport, and barge/barge combined multimodal transport are all 16% higher than inland standard charges .
Also, for FMC shipments, the PCD is the date on which Maersk or its authorized agent takes over the last container listed on the shipping document. For import shipments, the surcharge price is calculated with reference to the date of arrival of the vessel at the port of destination of the cargo.
Ⅲ: Amazon’s Chinese sellers’ sales share in the U.S. market hits a new high
Recently, Marketplace Pulse research found that the sales share of Chinese sellers in the US Amazon market has reached a record high . The data shows that the percentage of Chinese seller feedback total reviews has returned to the level since November 2020 .
Chinese sellers receive customer feedback reviews for each order, reaching millions of reviews per month (providing feedback is optional, and the percentage of customers who leave seller reviews is 1-5% ).
Comments : After last year’s turmoil, the market share of Chinese sellers on Amazon has gradually recovered at the beginning of this year. At the same time, there are more than 60,000 sellers with annual sales exceeding US$1 million , not including independent websites and other platform sellers.
Ⅳ: DHL freight will increase by 7.9% in 2023
Recently, the international express delivery giant DHL announced that it will increase the freight rate in the US market by 7.9% on January 1, 2023 . This means that DHL's annual price increase exceeds the average increase that UPS and FedEx are about to implement.
The 7.9% freight rate increase in 2023 is higher than the 4.9% increase in 2021 and the 5.9% increase in 2022. It also topped the upcoming average increase of 6.9 percent for UPS and FedEx.
Comments : Affected by the general environment, inflation, currency changes, and geopolitical situations and other reasons lead to increases in freight rates, and adjustments to price increases vary from country to country . Global parcel demand has slowed down. Although DHL's revenue is still growing this year, its profit has declined.
Ⅴ: Amazon and UPS launch small package delivery cooperative carrier program in Belgium
A few days ago, Amazon Europe announced that Amazon and UPS have launched a cooperative carrier program for small parcel delivery in Belgium.
The partnered carrier program allows sellers to ship small packages from Belgium to Amazon fulfillment centers in Germany, Spain, France, and Italy. From now until November 3, 2023, sellers can enjoy an 80% discount on UPS partnered carrier program rates when shipping from Belgium.
Comments : The cooperative carrier program has been launched in many European markets, and sellers can estimate shipping costs, pay and track shipments directly from the seller platform. The final price for shipping will be based on the number, size and weight of the boxes and applicable rates .